Feb 26 (Reuters) - Autodesk ( ADSK ) forecast annual

revenue above Wall Street estimates on Thursday, betting on

growing demand for its design and engineering software.

Shares of the San Francisco, California-based company rose

more than 1% in extended trading.

Demand for Autodesk's ( ADSK ) products is growing steadily across

construction, infrastructure and manufacturing industries, with

rising subscription renewals and expanding enterprise agreements

among large customers.

The company offers software that helps users design

buildings, infrastructure and products by using data-rich 3D

models rather than traditional blueprints.

Its tools are also used in movies and games to create 3D

animation and visual effects, and to manage production.

In January, the company said it would shed about 7% of its

global workforce, or roughly 1,000 jobs, as it aims to redirect

spending to its cloud platform and artificial intelligence

efforts.

The company forecast fiscal 2027 revenue between $8.10

billion and $8.17 billion, above analysts' average estimate of

$7.97 billion, according to data compiled by LSEG.

It expects annual adjusted profit between $12.29 and $12.56

per share, compared with estimates of $11.62 apiece.

For the fourth quarter, revenue grew 19% to $1.96 billion,

beating estimates of $1.91 billion. Adjusted profit came in at

$2.85 per share, exceeding estimates of $2.64 apiece.

(Reporting by Jaspreet Singh and Anhata Rooprai in Bengaluru;

Editing by Subhranshu Sahu)